Transfer of shares

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CA Praveen Chopra

CA Praveen Chopra (Querist)

20 May 2009 Can shareholders of pvt ltd company transfer it`s holding to anothers ?

Ankur Garg

Ankur Garg (Expert)

20 May 2009 Yes, Shareholder of pvt ltd company can transfer his holding to anothers subject to the approval of board of directors.

Approval of transfer by board is mandatory.

Regards

Manikanta Raju CA,CWA,(CS)

Manikanta Raju CA,CWA,(CS) (Expert)

20 May 2009 As our friend ankur rightly siad , approval of share holders is mandatory, and the transfer of shares must be with in the family members and kith and kin of share holders since it is private company

Ankur Garg

Ankur Garg (Expert)

21 May 2009 Hi Mani,

Let me correct you. approval of shareholders for transfer of share in a pvt company is not necessary at all.

In my previous answer i mentioned Shareholder of pvt ltd company can transfer his holding to anothers subject to the approval of board of directors.

Approval of board of directors is mandatory.

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